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GLOBE Portfolio User Guide

Table of Contents Introduction Frequently Asked Questions GLOBEfund.com Security Registering with GLOBE Portfolio Login and Logout What If You Lose Your Password? Changing Your Registration Getting Started with GLOBE Portfolio Navigation What is a Portfolio? Basic Steps to Set Up a Portfolio Creating a Portfolio Adding Funds to a Portfolio Portfolio Transactions Adding a Transaction to a Portfolio Managing Portfolios Creating a Portfolio Renaming a Portfolio Deleting a Portfolio Changing Your Current Portfolio Deleting Your Account Adding and Deleting Funds from a Portfolio Adding Funds    - Reinvesting Distributions    - Adding a Fund to Your Portfolio Multiple Times    - Adding Funds Valued in U.S. Dollars    - Money Market Funds Deleting Funds Changing Fund Information Fund Name Changes Adding and Deleting Transactions Adding a Single Transaction Starting a Recurring Transaction    - Recurring Transaction Frequencies    - Funds that are Not Valued on a Daily Basis Stopping a Recurring Transaction Editing a Transaction Deleting a Transaction Adding a Special Transaction Adjusting The Number of Units Held Fund Mergers Viewing Reports and Charts Portfolio Report    - Standard Report    - Performance Report    - Annual Report    - Gain/Loss Report    - Consolidated Reports and Charts Transaction Report Fund Report Charts Contact Us

Introduction Welcome to GLOBE Portfolio - the easy way to follow your mutual fund portfolios! Here you will be able to enter all of your mutual fund investment information, including the number of units you hold in each fund, commissions paid, and any monthly or regular purchases you have put in place to build up your portfolio. This guide takes you through the process of setting up a portfolio and entering your funds. It also provides a description of every function and report within GLOBE Portfolio. If you just want to get a quick overview and idea of how GLOBE Portfolio works, the section Getting Started with GLOBE Portfolio is designed for that. If you would like the instructions for one particular option of GLOBE Portfolio, you can click that option from the Table of Contents and the appropriate section of the guide will be displayed.   Frequently Asked Questions What happens to the information I enter into globefund.com? Is it given out to any other companies? The globefund.com Information Privacy Policy defines clearly that the information you enter in setting up your portfolio is kept confidential and secure to the best of our ability. A backup of all GLOBE Portfolio data is made daily. Aggregate data related to GLOBE Portfolio (number of users of GLOBE Portfolio in total, average number of funds in a portfolio) may be shared with globefund.com advertisers and potential advertisers, but data related to an individual portfolio will always be kept secure. For more details, see The globefund.com Information Privacy Policy. What if I forget my password? If you forget or lose your password, you should click Lost your Password? on the login screen, and globefund.com will show you the question you entered when you registered and prompt you for the answer. For additional security, you will also be asked to enter the postal code you entered when you registered. If you enter the correct answer, globefund.com logs you into GLOBE Portfolio and changes your password to your username. You will be prompted to enter a new password. globefund.com recommends that you enter a new password at this time. How do I change my password? If you want to change your password, click Change Registration on the GLOBE Portfolio main page and change your Password and Confirm Password on the Change Registration screen. Click Submit Registration. How can I change the name of a portfolio? To change the name of a portfolio, click Rename/Delete Portfolio on the GLOBE Portfolio main page. Under Option A, select the portfolio name you would like to change from the drop-down list. In the box labelled Enter new name, type the new portfolio name. Click Rename. Can I use my Fundlist to set up my portfolio? Because GLOBE Portfolio requires registration and the Fundlist does not, it is not possible to transfer information between them, or to use your Fundlist to build your portfolio. Can I enter mutual fund transactions that took place prior to December 31, 1997? If so, how? globefund.com does not have daily prices for all funds prior to December 31, 1997. If you are entering a transaction which took place before December 31, 1997, you must enter a unit price in order for your portfolio to be tracked accurately to the date you are entering. This unit price can be found on the statement from your fund company. The procedure for entering a unit price is outlined in Adding and Deleting Transactions. When are my reports updated? Reports will typically reflect your portfolio as of the close of the previous business day. Our database is updated with daily fund performance data at approximately 8:00 p.m. EST and then portfolios are updated, so reports displayed after approximately 9:00 p.m. EST will reflect the current day's closing prices. The date shown at the top of the report indicates the date of the fund prices used in generating the report. How are the returns calculated? GLOBE Portfolio relies on the industry accepted method of computing investment return which is based on the internal rate of return (IRR) algorithm. As stipulated by the Association of Investment Management Research (AIMR), mutual funds in Canada use the IRR method for presenting their rates of return. According to AIMR, "the recommended measurement of performance for presentation of the performance of a single private equity investment is the investment's internal rate of return". The rate of return calculated by IRR is the interest rate corresponding to a zero net present value of a series of cash flows. For further details, see the Performance Report section of the User Guide. Technically-minded users can gain more insight into the workings of IRR by looking at the help information available on IRR in Microsoft's Excel spreadsheet product. How do funds that merge together affect my portfolio? To account for the merger of two funds, you must enter a sell transaction to sell all units held in the old fund using the date the merger took place. Then you must reinvest that amount into the newly-formed fund by entering a buy transaction for the new fund. The statements from your broker or fund company will reflect similar transactions. The old fund will remain in your portfolio until you have completed the above transactions so don't worry about losing your record of it. Remember though that future returns on the old fund cannot be calculated because of the lack of any ongoing price information. How long do I stay logged into GLOBE Portfolio? Do I have to Logout? After logging in, you may visit other parts of the globefund.com site (or even other sites), and return to GLOBE Portfolio without having to log in again and again. However, your login session will terminate if you do not use GLOBE Portfolio for approximately 30 minutes or if you leave your PC for an extended period of time. There is a Logout option for GLOBE Portfolio which you are not required to use. However, if you use GLOBE Portfolio from a computer that others have access to, it is wise to click Logout on the GLOBE Portfolio main page when you leave the computer to ensure the security of your portfolio information.   globefund.com Security When you are entering personal information into globefund.com, you want to know about what is being done with that information and how it is being cared for. The globefund Information Privacy Policy defines clearly that the information you enter in setting up your portfolio is kept confidential and secure to the best of our ability. A backup of all GLOBE Portfolio data is made daily. The globefund.com Information Privacy Policy defines clearly that the information you enter in setting up your portfolio is kept confidential and secure to the best of our ability. Aggregate data related to GLOBE Portfolio (number of users of GLOBE Portfolio in total, average number of funds in a portfolio) may be shared with globefund.com advertisers and potential advertisers, but data related to an individual portfolio will always be kept secure. In order to maintain your portfolio information and make it available only to you, all users of GLOBE Portfolio must register with globefund.com. Details of registration are given in the section Registering with GLOBE Portfolio.     Registering with GLOBE Portfolio In order to use GLOBE Portfolio, you must first register with the service. To register, click New User Registration on the User Login for GLOBE Portfolio page. The User Registration Screen appears. Registration involves entering: basic identification information (your first name, last name, e-mail address, and postal code) a Username and Password of your choosing a Question and Answer optional survey information Username and Password must each be a minimum of three characters and a maximum of 30 characters. The Username you enter must be a unique Username for globefund.com. If you enter a Username that is in use by another user, you will be asked to enter a different Username. The Question and Answer are used to verify your identity if you forget your password. The Question you enter should be a question that others would not likely know or be able to guess the answer to (for example, 'What is my favourite teacher's last name?'). We recommend that Answer be a one-word answer to the question you entered for Question. Note 1: In order to register with GLOBE Portfolio, your Web browser must be set to accept cookies. If you have your browser set to warn you when a cookie file is sent, you must accept it in order to register. Note 2: If you have registered with the GLOBEcareers.com Web site, your username and password can be used with GLOBE Portfolio. Click here to log in.   Login and Logout Once you have registered with GLOBE Portfolio, you have a Username as well as a Password that should be kept private and not shared with others. This ensures that the information you enter while setting up your mutual fund portfolio(s) is kept secure and confidential. On subsequent visits to globefund.com, when you choose the GLOBE Portfolio option from the home page or click on the Portfolio option on the toolbar of any globefund.com page, you are asked to first login. This means identifying yourself by typing your Username and Password in the appropriate boxes and clicking Login. After logging in, you may visit other parts of the globefund.com site (or even other sites), and return to GLOBE Portfolio without having to log in again and again. However, your login session will terminate if you do not use GLOBE Portfolio for approximately 30 minutes or if you leave your PC for an extended period of time. When you return to your PC or to GLOBE Portfolio, you will be asked to login again. There is also a Logout option for GLOBE Portfolio which you are not required to use. However, if you use GLOBE Portfolio from a computer that others have access to, it is wise to click Logout on the GLOBE Portfolio main page when you leave the computer to ensure the security of your portfolio information.   What If You Lose Your Password? If you ever forget or lose your password, you should click Lost your Password? on the login screen, and globefund.com will show you the question you entered for Question when you registered and prompt you for Answer. For additional security, you will also be asked to enter the postal code you entered when you registered. If you enter the correct answer, globefund.com logs you into GLOBE Portfolio and changes your password to your username. You will be prompted to enter a new password. globefund.com strongly recommends that you enter a new password at this time.   Changing Your Registration At any time, you can change any of your registration information with the exception of your User Name. To do so, click Change Registration on the GLOBE Portfolio main page, and type over any of the information that is displayed. Your Password is not displayed on this screen for security reasons. To change your password, place your cursor at the beginning of the Password box; delete the asterisks in the box; and type your new password. Repeat this process in the Confirm Password box.     Getting Started with GLOBE Portfolio   Navigation At any time while using GLOBE Portfolio or other parts of the globefund.com Web site, click Portfolio on the globefund.com toolbar located at the top of the page to return to the GLOBE Portfolio main page. If your login session has terminated, you will be asked to login with your username and password. The GLOBE Portfolio main page will appear with the headings Portfolio, Transactions and Charts & Reports. You can access all of GLOBE Portfolio's options from this page. If you need help while using a GLOBE Portfolio option, click Help and Information at the bottom of the page. Instructions on how to use that particular option will be shown. Click Back on your Web browser's menu bar to close the Help and Information and return to GLOBE Portfolio. For an interactive, step-by-step guide to setting up your first portfolio, click Portfolio Quick Start on the GLOBE Portfolio main page. To contact us, click Help and Information on any GLOBE Portfolio page. Click Contact Us at the bottom of the page to send us your questions and suggestions.   What is a Portfolio? In globefund.com, a portfolio is like a file folder where you put important information about your mutual fund investments. You can have more than one portfolio, just as you can have more than one file folder, so you can organize your investments in a way that is meaningful to you. In one folder you may put all your investments related to your RRSP, and in another folder you may put all of your investments related to your children's education. Collectively, all of your folders represent your entire collection of mutual fund investments. Every globefund.com user can create a maximum of 10 portfolios.   Basic Steps to Set Up a Portfolio There are three basic steps to setting up a portfolio of mutual funds: Create a portfolio. Add funds to the portfolio. Add single transactions to specify the units or dollar value for each of the funds in the portfolio. Before proceeding to set up a portfolio, take a moment to read about and understand the two different approaches described below. The first approach (Tracking from this Point Forward) is an easier approach, particularly if you have been investing in mutual funds for a long time and have a large and/or diverse portfolio of funds. If have been investing in mutual funds for over six months and you choose to set up your portfolio using the second approach (Tracking from the Time of Purchase), you must have records of all transactions. Tracking from this Point Forward If you want to minimize the effort of setting up your portfolio and want to monitor it via globefund.com from this point forward, we recommend getting the most recent copy of the statement(s) you received from your financial advisor, broker, or fund company. You can then proceed to complete the steps listed above, taking the information needed from your statement(s). With this approach, you will be setting up your portfolio as if you were purchasing the fund(s) as of the date of the statement. Tracking from the Time of Purchase If you want to see your growth and return from the time you originally invested in your mutual funds, you need to have kept good records. You will need to know: the exact price at which you bought/sold all your funds the date of each buy/sell transaction, and either the number of units bought/sold or the total dollar value of the transaction globefund.com has complete daily price data for all funds only as of December 31, 1997. This means that for any transactions you have made since that date, globefund.com can provide the unit price for the fund. If you wish to enter any transactions dated prior to December 31, 1997, you must enter the unit price you paid for the funds. To track the exact value of your mutual fund investments, you must also enter the commission information for each transaction correctly.   Creating a Portfolio Creating a portfolio in globefund.com is easy. On the GLOBE Portfolio main page, click Create Portfolio. On the next page, type a portfolio name in the box beside Enter Portfolio Name. A portfolio name can be up to 30 characters, and should contain only letters and numbers. Special characters (like $, #, %, ", ', <, >) are not permitted in a portfolio name. Click Create. Every globefund.com user is allowed to have up to 10 portfolios. If you create more than one portfolio, globefund.com always indicates which portfolio the report or transaction(s) on the screen pertains to. Switching from one portfolio to another is easily done by selecting a different portfolio from a pull-down list and clicking Go.   Adding Funds to a Portfolio If you think of a portfolio as a file folder, the process of adding funds to the portfolio is like determining what will go into the folder. Once you have added the funds that make up your portfolio, you can proceed to enter the buy and sell transactions. To add a fund to your portfolio: On the GLOBE Portfolio main page, click Add Funds. globefund.com displays the first Add Fund page. Click on the down arrow to display a pull-down list of fund companies. Move your mouse to highlight your selection, and click Next. On the next Add Fund screen, click on the down arrow to select a fund from the fund family you selected in step 2. Click the down arrow below Reinvest Distribution to indicate whether you will reinvest distributions received through this fund (Yes or No). Further information on distributions is provided in the Reinvesting Distributions section. Optionally, you can enter comments related to this fund. Most often, users will leave this area blank. Adding a Fund to Your Portfolio Multiple Times provides examples of where this comments area is useful. Click Add Fund. globefund.com will confirm the addition of this fund to your portfolio. At this point, you can: select another fund to add to your portfolio from the pull-down list of funds click Select another Company to add a fund from another fund company click Add Transaction if you have no other funds to add to the portfolio and want to start entering transactions, or click Portfolio on the globefund.com toolbar at the top of the page to return to the GLOBE Portfolio main page   Portfolio Transactions There are four types of transactions that can be part of your portfolio: single buy or sell transactions recurring transactions (buy transactions that you set up through pre-approved bank withdrawals or regularly scheduled sell transactions) special transactions to account for fees or other expenses distribution transactions The following sections provide instructions on how to enter the first three types of transactions. The distribution transactions are not transactions that you enter, but they are the transactions you are used to seeing on statements you receive from your financial advisor or broker. When a fund declares a distribution, globefund.com automatically updates your portfolio by adding the distribution for you (i.e., you do not have to enter the distribution yourself).   Adding a Transaction to a Portfolio To add a single transaction (a buy or a sell transaction), follow the instructions below. On the GLOBE Portfolio main page, click Add Single Transaction. If you have more than one portfolio, ensure that the portfolio shown in the screen heading is the portfolio you want to add this transaction to. If it is not, click Change Portfolio and select the correct portfolio for this transaction. Choose the fund you want to add the transaction for from the pull-down list beside Select Fund. If the fund is not in the list, click Add Fund and add the fund to your portfolio using the Add Fund option. Enter the date of the transaction in the date fields in the format yy mm dd. If you are entering a transaction that took place after December 31, 1997, you can: click the circle beside $ and enter a unit price in the adjacent box, or click the circle beside Market Price and globefund.com will use its unit price for that date If your transaction precedes December 31, 1997, you must enter a unit price in order for your portfolio to be tracked accurately to the date you are entering. globefund.com does not have daily prices for all funds prior to December 31, 1997. If you do not know the unit price for that date, there are two ways to proceed. Both involve selecting Market Price and changing the transaction date. Please be sure you have read the previous section Basic Steps to Set Up a Portfolio before deciding how to proceed. Option 1: Change the date to the last business day of the month in which the transaction took place. globefund.com has monthly closing prices for all funds going back to when the fund began. Therefore, you can change the transaction date to the last business day of the month in which the transaction took place (that is, if you have a calendar for that year or are able to figure out the date of the last business day). Note that this price will likely be different than the fund price for the date of your transaction, so data on your return or gain/loss from this investment will not be entirely accurate. Option 2: Change to the date of one of your statements from the fund company. The simplest thing to do when you do not have exact records for all your transactions is to retrieve your most recent statement from the fund company and enter your transaction(s) as of the date of that statement. The statement should have the number of units and the unit price for your holdings with that fund company. globefund.com will then provide you with reports that track your gain/loss for the fund investment from that date forward. Under Amount or # Units, click the circle beside $ and type the number of units you purchased or sold on the transaction date in the adjacent box or click the circle beside # Units and type the total dollar value of the transaction in the adjacent box. If you are entering a buy transaction and entering information as of your most recent statement from the fund company, you would be entering either the number of units you now own OR the total value of your investment in the fund. You only need to enter one of these values. If you enter both, globefund.com will only use the number of units. If you are paying any fees for this transaction, either to a broker, financial planner, or fund company, you must enter either a percentage or a dollar value. Remember that for front-end load funds, the fees are charged when you purchase the funds, while for back-end load funds, the fees are paid when you sell funds. Click either Buy or Sell depending on the type of transaction you are entering. No real units will be bought or sold. The Confirmation screen will be shown. If the transaction is correct, click Confirm this Transaction. To correct or change the transaction, click your Web browser's Back button.     Managing Portfolios   Creating a Portfolio Creating a portfolio in globefund.com is easy. On the GLOBE Portfolio main page, click Create Portfolio. On the next page, type a portfolio name in the box beside Enter Portfolio Name. A portfolio name can be up to 30 characters, and should contain only letters and numbers. Special characters (like $, #, %, ", ', <, >) are not permitted in a portfolio name. Click Create. Every globefund.com user is allowed to have up to 10 portfolios. If you create more than one portfolio, globefund.com always indicates which portfolio the report or transaction(s) on the screen pertains to. Switching from one portfolio to another is easily done by clicking Change Portfolio or selecting a different portfolio from a pull-down list.   Renaming a Portfolio To change the name of an existing portfolio, follow these steps: On the GLOBE Portfolio main page, click Rename/Delete Portfolio. On the next page, under Option A: Rename a portfolio, select the portfolio you want to rename from the pull-down list. Type the new portfolio name in the box beside Enter New Name. A portfolio name can be up to 30 characters, and should contain only letters and numbers. Special characters, including a blank space, are not permitted in a portfolio name. Click Rename.   Deleting a Portfolio You cannot delete a portfolio that has transactions associated with it. You can only delete an 'empty' portfolio. To delete a portfolio that has transactions associated with it, you must first delete all the transactons using the Delete Transactions option. This includes all of the transactions that both you and globefund.com have added to the portfolio over time. To delete one of your portfolios that does not have any transactions associated with it: On the GLOBE Portfolio main page, click Rename/Delete Portfolio. On the next page, under Option B: Delete a portfolio, select the portfolio that you want to delete from the pull-down menu. Click Delete.   Changing Your Current Portfolio When you have more than one portfolio set up, you need to be aware of which portfolio you are working on or viewing reports for. That is your 'current portfolio'. The heading of virtually every GLOBE Portfolio screen indicates which portfolio the screen pertains to. You can switch your current portfolio at any time by clicking a button or pull-down menu from most screens. globefund.com remembers which portfolio you last worked on or viewed reports for, and when you next return to GLOBE Portfolio, that portfolio will be your 'current portfolio'. When you first login to GLOBE Portfolio, the GLOBE Portfolio main page indicates which portfolio is your current portfolio. If you want to make another portfolio your current portfolio, the first option under Portfolios will let you do so. On the GLOBE Portfolio main page, click Change Current Portfolio. Click on the down arrow to display the pull-down list of your portfolios, and select the portfolio you wish to work on. Click Change.   Deleting Your Account globefund.com cannot remove accounts from GLOBE Portfolio. Should you decide not to use your GLOBE Portfolio account any more, globefund.com recommends that you follow these steps to remove your financial data from your portfolios: Log in to the account you no longer want. For each portfolio you have created: On the GLOBE Portfolio main page, click Delete Transaction. Delete all transactions in the portfolio. On the GLOBE Portfolio main page, click Delete Funds. Delete all funds in the portfolio. On the GLOBE Portfolio main page, click Rename/Delete Portfolio. Use Option A to delete all your portfolios. On the GLOBE Portfolio main page, click Change Registration. Change any personal information (for example, first/last name, e-mail address, postal code). Click Submit Registration. This will leave your account empty, with no financial data in it at all.     Adding and Deleting Funds from a Portfolio   Adding Funds To add a fund to your portfolio: On the GLOBE Portfolio main page, click Add Funds. globefund.com displays the first Add Fund page. Click on the down arrow to display a pull-down list of fund companies. Move your mouse to highlight your selection, and click Next. On the next Add Fund screen, click on the down arrow to select a fund from the fund family you selected in step 2. Click the down arrow below Reinvest Distribution to indicate whether you will reinvest distributions received through this fund (Yes or No). Further information on distributions is provided in the section Reinvesting Distributions. Optionally, you can enter comments related to this fund. Most often, users will leave this area blank. Adding a Fund to Your Portfolio Multiple Times provides examples of where this comments area is useful. Click Add Fund. globefund.com will confirm the addition of this fund to your portfolio. At this point, you can: select another fund to add to your portfolio from the pull-down list of funds click Select another Company to add a fund from another fund company click Add Transaction if you have no other funds to add to the portfolio and want to start entering transactions, or click Portfolio on the globefund.com toolbar at the top of the page to return to the GLOBE Portfolio main page Reinvesting Distributions One of the key decisions you make when you invest in a particular mutual fund is whether or not you will reinvest distributions owed to you from the fund. Distributions are composed of interest payments, dividends, or capital gains, depending on the type of fund. How you handle distributions is something you would discuss with your financial planner. Most people who have their investments inside an RRSP choose to reinvest distributions. In order for globefund.com to track the value of your portfolio correctly, you must indicate when you add a fund to your portfolio whether you are reinvesting the distributions from this fund or not. You may decide initially not to reinvest distributions, but later decide to reinvest, or vice versa. globefund.com allows you to change this information for any of your funds through the Change Fund Information option. Adding a Fund to Your Portfolio Multiple Times While most fund portfolios will not require adding a fund multiple times, it is possible and sometimes recommended to add a particular fund to a portfolio more than once. The following are the some of the main reasons you would do this: You have invested in a particular fund at different times and you have decided to handle distributions differently each time you have invested. For example, you might have decided to invest long-term in a fund and reinvest all distributions. Later you might decide to invest in the same fund, but choose to receive distributions in cash as a source of income. You have multiple investments in a particular fund, and have purchased the fund from different sources. For example, you might have purchased the fund from a discount broker the first time, but the next time the purchase was made through a financial planner. If your investment in a particular fund is reported on different statements, you may want to add the fund to your portfolio more than once to reflect the different sources you have purchased through. You have purchased a particular fund, and have chosen different fee load options. For example, if you purchase a fund and normally pay a front-end fee, but later decide to purchase the same fund but with a back-end load, you would probably want to track the investments separately. They would likely be handled separated on your statements as well. To add the same fund to your portfolio more than once, you use the Add Funds option from the GLOBE Portfolio main page and follow the normal procedure to add a fund to your portfolio. Once a fund has been added more than once, you will see two (or more) listings for the fund in any of the pull-down listings of the funds in your portfolio, similar to the following: XYZ Balanced Fund XYZ Balanced Fund [2] Use the Comments area on the second Add Funds page to distinguish one fund from the other. For example, you might enter who you purchased the fund from or the load option associated with the fund. Adding Funds Valued in U.S. Dollars GLOBE Portfolio tracks over 200 Canadian mutual funds that are valued in U.S. dollars. If you include such funds in your portfolio, the GLOBE Portfolio reports will be split into separate sections for your Canadian and U.S. dollar holdings. To add U.S. dollar funds to your portfolio, follow these steps: On the GLOBE Portfolio main page, click Add Funds. Click on the down arrow to display a pull-down list of fund companies. Move your mouse to highlight your selection, and click Next. On the next Add Fund screen, click on the down arrow to select a fund from the fund family you selected in step 2. U.S. dollar funds are listed in the drop-down list with (US$) after the fund name. Click the down arrow below Reinvest Distribution to indicate whether you will reinvest distributions received through this fund (Yes or No). Further information on distributions is provided in the section Reinvesting Distributions. Optionally, you can enter comments related to this fund. Most often, users will leave this area blank. Adding a Fund to Your Portfolio Multiple Times provides examples of where this comments area is useful. Click Add Fund. globefund.com will confirm the addition of this fund to your portfolio. Money Market Funds GLOBE Portfolio treats fixed value money market funds with a daily accrued income factor as follows. If you buy units or sell all units units partway through the month, you do not receive the full amount of the month-end distribution because you did not hold the units for the full period. When you add a transaction to buy units or sell all units on a date for which globefund knows the exact distribution that was paid at month end, GLOBE Portfolio calculates your distribution using a weighted average based on the total distribution for the month and the number of days you held each unit during that month. When you add a transaction to buy units during the current month, globefund does not yet know what the month-end distribution will be. In this case, GLOBE Portfolio waits until the distribution gets paid and the weighted average calculation described above is done at that time. When you sell all units partway through the current month, globefund does not yet know what the month-end distribution will be. In this case, GLOBE Portfolio calculates your distribution using a weighted average based on the total distribution for the previous month and the number of days you held each unit during the current month. This may cause a small difference between the distribution shown on your fund company statement and that reported by GLOBE Portfolio. The weighted average calculation used by GLOBE Portfolio differs from the method used by the fund companies to calculate your distribution. Fund companies calculate daily accruals and the accrual rate can change from day to day. This may cause a small difference between the distribution shown on your fund company statement and that reported by GLOBE Portfolio.   Deleting Funds Note: Funds that have transactions associated with them cannot be deleted from a portfolio. The associated transactions must be deleted before the fund can be deleted. For instructions, see Deleting Transactions. To delete a fund from your portfolio: On the GLOBE Portfolio main page, click Delete Funds. globefund.com displays a list of the funds in the current portfolio. Click in the checkbox beside the fund you wish to delete. Click Delete. globefund.com re-displays the page with the fund deleted from the list.   Changing Fund Information When you add a fund to your portfolio, you must indicate whether you will or will not be reinvesting distributions that are paid out by the fund company. You also have the option of entering a comment or brief note that may remind you, for example, of who you purchased the fund from. However, over the course of investing in a fund, you may decide to change how you handle distributions. For example, you may start out reinvesting distributions but later change to receiving distributions as cash. You may also want to change the comment you entered for a particular fund. The Change Fund Information option allows you to make these changes. To use this option, follow the instructions below. On the GLOBE Portfolio main page, click Change Fund Information. globefund.com lists all the funds in the current portfolio and, for each fund, shows whether or not distributions are reinvested and any Comments. To change distribution handling, click the down arrow in the Reinvest Distribution column beside the fund you wish to change and select the correct option (Yes or No). To change the Comments for any fund, click in the appropriate text area and type over the other information. Click Update.   Fund Name Changes The name of a mutual fund may change, due to a fund company merger or for other reasons. When such a change occurs, globefund.com automatically updates your portfolio to show the new fund name. Although the fund appears under the new name, globefund.com maintains the price history of the old fund. You can enter buy and sell transactions for dates prior to the name change by using the new fund name.     Adding and Deleting Transactions   Adding a Single Transaction To add a single transaction (a buy OR a sell transaction), follow the instructions below. On the GLOBE Portfolio main page, click Add Single Transaction. If you have more than one portfolio, ensure that the portfolio shown in the screen heading is the portfolio you want to add this transaction to. If it is not, click Change Portfolio and select the correct portfolio for this transaction. Choose the fund you want to add the transaction for from the pull-down list beside Select Fund. If the fund is not in the list, click Add Fund and add the fund to your portfolio using the Add Fund option. Enter the date of the transaction in the date fields in the format yy mm dd. If you are entering a transaction that took place after December 31, 1997, you can: click the circle beside $ and enter a unit price in the adjacent box, or click the circle beside Market Price and globefund.com will use the unit price for that date that is stored in our site If your transaction precedes December 31, 1997, you must enter a unit price in order for your portfolio to be tracked accurately to the date you are entering. globefund.com does not have daily prices for all funds prior to December 31, 1997. If you do not know the unit price for that date, there are two ways to proceed. Both involve selecting Market Price and changing the transaction date. Please be sure you have read the previous section Basic Steps to Set Up a Portfolio before deciding how to proceed. Option 1: Change the date to the last business day of the month in which the transaction took place. globefund.com has monthly closing prices for all funds going back to when the fund began. Therefore, you can change the transaction date to the last business day of the month in which the transaction took place (that is, if you have a calendar for that year or are able to figure out the date of the last business day). Note that this price will likely be different than the fund price for the date of your transaction, so data on your return or gain/loss from this investment will not be entirely accurate. Option 2: Change to the date of one of your statements from the fund company. The simplest thing to do when you do not have exact records for all your transactions is to retrieve your most recent statement from the fund company and enter your transaction(s) as of the date of that statement. The statement should have the number of units and the unit price for your holdings with that fund company. globefund.com will then provide you with reports that track your gain/loss for the fund investment from that date forward. Under Amount or # Units, click the circle beside $ and type the number of units you purchased or sold on the transaction date in the adjacent box or click the circle beside # Units and type the total dollar value of the transaction in the adjacent box. If you are entering a buy transaction and entering information as of your most recent statement from the fund company, you would be entering either the number of units you now own OR the total value of your investment in the fund. You only need to enter one of these values. If you enter both, globefund.com will only use the number of units. If you are paying any fees for this transaction, either to a broker, financial planner, or fund company, you must enter either a percentage or a dollar value. Remember that for front-end load funds, the fees are charged when you purchase the funds, while for back-end load funds, the fees are paid when you sell funds. Click either Buy or Sell depending on the type of transaction you are entering. No real units will be bought or sold. The Confirmation screen will be shown. If the transaction is correct, click Confirm this Transaction. To correct or change the transaction, click your Web browser's Back button.   Starting a Recurring Transaction Many investors make arrangements with their financial advisor or broker to purchase mutual funds on a regular basis throughout the year, typically through pre-approved bank withdrawls. It is also possible (though less common) to set up a systematic sale of mutual funds. In globefund.com, these types of regular transactions are set up as recurring transactions. Once you have a recurring transaction set up, globefund.com will automatically generate the buy or sell transactions on the appropriate day(s) of the month. You will see these transactions when you display the Transaction Report for your portfolio. To start a recurring transaction in your portfolio, follow the instructions below. On the GLOBE Portfolio main page, click Start Recurring Transaction. If you have more than one portfolio, ensure that the portfolio shown in the screen heading is the portfolio you want to add this recurring transaction to. If it is not, click Change Portfolio and select the correct portfolio for this transaction. Choose the fund you want to add the recurring transaction for from the pull-down list beside Select Fund. If the fund is not in the list, click Add Fund to go the Add Funds screen where you can add the fund to your portfolio. Enter the date of the first transaction in the date fields in the format yy mm dd. Because globefund.com only has complete daily fund prices back to December 31, 1997, it is not possible to start a recurring transaction prior to that date. If you started a recurring transaction prior to December 31, 1997, you should use the Add Single Transaction option to enter the value you have accumulated (or sold off) through that recurring transaction as of some date after December 31, 1997. Your 1997 year-end statement would give you your total units and investment in the fund as of the close of the year. You could then start a recurring transaction as of the beginning of 1998. The date of the first transaction cannot be a date in the future. The date of the first transaction must pass, ensuring that a market price is available, before the recurring transaction can be started. Select the frequency of the transaction. For clarification, Bi-weekly is every second week (26 transactions a year), while Semi-monthly is twice a month (24 transactions a year). If you select Semi-monthly, you must enter two dates in the same month, indicating the two days of each month when the transactions take place. Further information is available in the Recurring Transaction Frequencies section. Enter the dollar value you will either pay on a recurring basis to purchase funds or sell and convert to cash. If you are paying any fees to a broker, financial planner, or fund company, you must enter either a percentage or a dollar value. Click either Buy or Sell depending on the type of recurring transaction you are setting up. The Confirmation screen will be shown. If the transaction is correct, click Confirm this Transaction. To correct or change the transaction, click your Web browser's Back button. In the evening after the day's closing fund prices have been added, globefund.com sets to work executing the recurring transactions that are scheduled for that date. If by any circumstance, the day's closing price for a particular fund is not available in globefund.com's database, globefund.com will be unable to execute the transaction, but will try to execute the transaction the next day when the missing closing price is available. Recurring Transaction Frequencies globefund.com allows you to set up a recurring transaction with any of the following frequencies. However, you should be aware that not all fund companies will accept regular 'buys' of their funds in all of these frequencies. In fact, some may only accept monthly (and then only on specific days of the month). Weekly Bi-weekly Semi-monthly Monthly Bi-monthly Quarterly End of month For Weekly transactions, globefund.com will execute the transaction every 7 days. If it hits a statutory holiday (markets are closed), it executes the transaction on the next business day. The following transaction will be 7 days after the holiday. For Bi-weekly transactions, globefund.com will execute the transaction every 14 days. If it hits a statutory holiday (markets are closed), it executes the transaction on the next business day. The following transaction will be 14 days after the holiday. For Semi-monthly transactions, globefund.com will execute the transaction on the same two days each month (e.g., May 1 and 15, June 1 and 15). If either of those two days is a statutory holiday (markets are closed) or weekend, globefund.com executes the transaction on the next business day. For Monthly transactions, globefund.com will execute the transaction on the same day each month (e.g., May 11, June 11, July 11). If that day is a statutory holiday (markets are closed) or weekend, globefund executes the transaction on the next business day. For Bi-monthly transactions, globefund.com will execute the transaction on the same day of every second month (e.g., January 15, March 15, May 15, July 15). If that day is a statutory holiday (markets are closed) or weekend, globefund.com executes the transaction on the next business day. For Quarterly transactions, globefund.com will execute the transaction on the same day of every third month (e.g., January 15, April 15, July 15). If that day is a statutory holiday (markets are closed) or weekend, globefund.com executes the transaction on the next business day. When Semi-monthly, Monthly, Bi-monthly, or Quarterly transactions have a start date that is either the 29th, 30th or 31st of the month, and globefund.com hits a month that does not have that many days, the transaction is usually executed on the 1st business day of the following month (see below for exception). Even when the short month of February comes around, all semi-monthly, monthly, bimonthly, or quarterly transactions with a start date that is the 29th, 30th or 31st of the month will be executed on the first business day of March. If you choose the frequency 'End of month', globefund.com executes the transaction on the last business day of the month whenever that is. If the last business day falls on a holiday, the transaction is executed on the first business day of the next month. However, globefund.com uses the closing price of the day prior to the holiday when executing the transaction. Funds that are Not Valued on a Daily Basis Recurring transactions for funds that are not valued on a daily basis can result in globefund.com's inability to 'execute' the transaction and update your portfolio. For this reason, globefund.com issues a warning when you enter a recurring transaction for a fund that is not valued on a daily basis. For example, let's suppose you enter a recurring transaction that has a frequency of semi-monthly, and you specify that the transactions are to be executed on the 15th and 30th of each month. If this is a fund that is only valued once a month, on the 30th of each month, globefund.com will be unable to execute the transaction for the 15th of the month and your portfolio will not be updated correctly. globefund.com will not attempt to execute your recurring transaction again after a failed attempt if it is a transaction for a fund that is not valued on a daily basis. If you are buying a fund on a regular or recurring basis that is not valued daily, you should enter the transactions 'manually' using the Add Single Transaction function.   Stopping a Recurring Transaction If you decide to stop making regular purchases of a mutual fund, you need to stop the corresponding recurring transaction in globefund.com. To stop a recurring transaction, follow the instructions below. On the GLOBE Portfolio main page, click Stop Recurring Transaction. A list of recurring transactions for your portfolio is displayed. Click in the Stop column beside the recurring transaction(s) you want to delete. This will display a check mark in the small box. Click Stop Transaction. If you forgot to stop a recurring transaction in GLOBE Portfolio at the same time that you actually stopped your regular fund purchases (or fund sell transactions), you can delete any of the individual buy or sell transactions that globefund.com generated automatically using the Delete Transaction option.   Editing a Transaction Click the type of transaction you would like to edit: Edit a Single Transaction Edit a Distribution Transaction Edit a Recurring Transaction Edit a Single Transaction To change the details of a buy or sell transaction that was added using Add Single Transaction, you must delete the transaction and add a new transaction with the desired changes. Here are the steps: On the GLOBE Portfolio main page, click Delete Transaction. globefund.com displays a list of the transactions for your portfolio starting with the most recent transaction. Click in the Del column beside the transaction you want to change. This will display a check mark in the small box. Click Delete Transaction. globefund.com re-displays the screen without the transaction you deleted. On the GLOBE Portfolio main page, click Add Single Transaction. Enter the new transaction with the correct details. Click either Buy or Sell depending on the type of transaction you are entering. No real units will be bought or sold. The Confirmation screen will be shown. If the transaction is correct, click Confirm this Transaction. To correct or change the transaction, click your Web browser's Back button. Edit a Distribution Transaction Distribution transactions (identified as DIST_BUY or DIST_CASH in the Action column of the Transaction report) cannot be edited or deleted. globefund.com receives distribution data directly from the fund companies. To stop further distributions, click Change Fund Information on the GLOBE Portfolio main page, under Reinvest Distribution select No from the drop-down list and click Update at the bottom of the page. Edit a Recurring Transaction To change the details of a recurring transaction, you must stop the current transaction and start a new one with the desired changes. Here are the steps: On the GLOBE Portfolio main page, click Stop Recurring Transaction. A list of recurring transactions for your portfolio is displayed. Click in the Stop column beside the recurring transaction you want to edit. This will display a check mark in the small box. Click Stop Transaction. On the GLOBE Portfolio main page, click Start Recurring Transaction. Enter the new transaction with the correct details. Click either Buy or Sell depending on the type of transaction you are entering. No real units will be bought or sold. The Confirmation screen will be shown. If the transaction is correct, click Confirm this Transaction. To correct or change the transaction, click your Web browser's Back button.   Deleting a Transaction Deleting a transaction should be something you do very infrequently. It should only be used to erase a transaction from your portfolio that was entered incorrectly. Once a transaction is deleted, you cannot display or access it again. The procedure given below can be used to delete any type of buy or sell transaction. Distribution transactions (identified as DIST_BUY or DIST_CASH in the Action column of the Transaction report) cannot be deleted using this method. To stop further distributions, click Change Fund Information on the GLOBE Portfolio main page, under Reinvest Distribution select No from the drop-down list and click Update at the bottom of the page. To delete any types of buy or sell transaction, follow these steps: On the GLOBE Portfolio main page, click Delete Transaction. globefund.com displays a list of the transactions for your portfolio starting with the most recent transaction. For each transaction, globefund.com displays: date type of transaction price of the fund on that date total number of units involved in the transaction total transaction amount transaction fee If you have a lot of transactions and want to limit the display to only transactions for a particular fund, click the arrow beside Report for to get the pull-down list of funds in your portfolio. Select the fund of interest and click Go. Click in the Del column beside any transaction(s) you want to delete. This will display a check mark in the small box. Click Delete Transaction. globefund.com re-displays the screen without the transaction(s) you deleted.   Adding a Special Transaction From time to time in the management of your portfolio, there may be fees or expenses incurred that you would want to account for inside your portfolio. RRSP trustee fees are a good example of this type of fee. The Add Special Transaction option allows you to track these kinds of fees in your portfolio. To add a special transaction to your portfolio, follow the instructions below. On the GLOBE Portfolio main page, select Add Special Transaction. Select the fund that the special transaction is either related to or that the fee will be applied to from the pull-down list. Enter the date of the transaction in the Date column in the format yy mm dd. Because globefund.com does not have daily prices for all funds prior to December 31, 1997, special transactions cannot be entered for dates preceding December 31, 1997. To enter a transaction for a date prior to December 31, 1997, see Special Cases. In the Amount column, enter the charges related to the transaction. In the Payment Method column, select From fund units or Using outside cash depending on whether the amount will be deducted from your actual fund investment, or whether the amount will be paid from your cash account. Click Go. The Confirmation screen will be shown. If the transaction is correct, click Confirm this Transaction. To correct or change the transaction, click your Web browser's Back button. How Special Transactions Affect Portfolio Reports If you choose the Payment Method of From fund units when adding a special transaction, market value will decrease (since you have fewer units). Total Cost is not affected. If you choose the Payment Method of Using outside cash, Total Cost will increase.   Adjusting the Number of Units Held Very rarely in the management of your portfolio, you may want to make adjustments to the number of units held in a fund. You may want to account for: fees or expenses incurred before December 31, 1997 rebates, in the form of units deposited directly into your fund account at no cost to you special cases in which you want to adjust the number of units held in a fund To add a transaction for this special case (a buy or sell transaction), follow the instructions below. On the GLOBE Portfolio main page, click Add Single Transaction. If you have more than one portfolio, ensure that the portfolio shown in the screen heading is the portfolio you want to add this transaction to. If it is not, click Change Portfolio and select the correct portfolio for this transaction. Choose the fund you want to add the transaction for from the pull-down list beside Select Fund. If the fund is not in the list, click Add Fund and add the fund to your portfolio using the Add Fund option. Enter the date of the transaction in the date fields in the format yy mm dd. Under the heading Unit Price, click the circle beside $. In the box beside $, enter 0.00001. Your units will be bought or sold for this negligible amount. Enter the number of units you purchased or sold on the date entered in step 4. Click either Buy or Sell depending on the type of transaction you are entering. No real units will be bought or sold. The Confirmation screen will be shown. If the transaction is correct, click Confirm this Transaction. To correct or change the transaction, click your Web browser's Back button.   Fund Mergers If GLOBE Portfolio suddenly stops updating one of the funds in your portfolio, it is likely that a fund merger has occurred. The details of fund mergers are reported in the globefund What's New. The What's New reports which funds continue, which funds were discontinued, and which funds were renamed as a result of the merger. If you hold a discontinued fund in your portfolio, most of the entries for that fund in the Portfolio Reports will be blank. Since these funds are no longer active, they do not report price data and no further returns can be calculated. The discontinued fund's name will be black print instead of a blue link. Follow the steps below to account for the merger in GLOBE Portfolio: On the GLOBE Portfolio main page, click Add Single Transaction. Add a transaction to sell all units (click the circle beside Sell all units) held in the discontinued fund using the date the merger took place. On the GLOBE Portfolio main page, click Add Funds. Select the appropriate fund company from the drop-down list. Add the appropriate new fund to your portfolio. On the GLOBE Portfolio main page, click Add Single Transaction. Add a transaction to reinvest the amount into the new fund by entering a buy transaction for the new fund. The statements from your broker or fund company will reflect similar transactions. The old fund will remain in your portfolio until you have completed the above transactions so don't worry about losing your record of it. Remember though that future returns on the old fund cannot be calculated because of the lack of any ongoing price information. If you hold a fund that was renamed as a result of the merger or is shown as a continuing fund in the What's New: GLOBE Portfolio will automatically rename the fund for you. You do not need to do anything.     Viewing Reports and Charts   Portfolio Report When thinking about your investments, the two questions that naturally arise are: How much money have I made or lost over time? What has my return on investment been over time? This is a particularly useful piece of information when considering how your investments have performed compared to various benchmark indices such as the TSE 300 or Dow Jones Industrial Average. To determine the answers to these questions, it is best to review the various situations that can occur with respect to investments. The simplest case is to think of the funds that you currently own. You may have bought your current holdings all at once, or you may have bought them at various points in time and at a different unit price each time. You may be interested in the performance of just those funds that you currently own. In this case, when you set up your portfolio, you probably do not want to enter transactions for funds that you no longer own. The more complicated case is where you purchased funds at some time in the past but have since sold some or all of those funds, or reduced your holdings in some of those funds. By entering all of your transactions over time, it is possible with globefund.com to gain a true picture of how your investments have fared over time (e.g., over several years, or over shorter periods like daily or year-to-date). The Portfolio Report is a set of reports (Standard, Performance, Gain/Loss, and Annual) that provides different 'views' of your mutual fund portfolio. The Standard view combines elements from the Performance view and the Gain/Loss view to show you at a glance how your portfolio is performing since you started tracking it. The Performance and Annual views provide return numbers over different timeframes, while the Gain/Loss view shows how much you have made (or lost) on your fund investments taking into account any sell transactions you have executed. Note that reports will typically reflect your portfolio as of the close of the previous business day. Our database is updated with daily fund performance data at approximately 8 p.m. EST and then portfolios are updated, so reports displayed after approximately 9 p.m. EST will reflect the current day's closing prices. The date shown at the top of the report indicates the date of the fund prices used in generating the report. For example, reports generated on a holiday Monday and the following Tuesday will show Friday's date up until 8 p.m. EST on Tuesday, at which time the report date will be updated to Tuesday's date and Tuesday's closing prices will be used to generate all reports. globefund.com tracks over 200 Canadian mutual funds valued in U.S. dollars. If you include such funds in your portfolio, GLOBE Portfolio reports will be split into separate sections for your Canadian and U.S. dollar holdings. Your total holdings and internal rate of return (IRR) are shown in each currency. At the end of these two sections, the Canadian dollar total market value is shown, based on the most recent U.S./Canadian exchange rate. If you have more than one portfolio, there is a separate Portfolio Report for each of your portfolios. You can view a consolidated report that summarizes the holdings in all your portfolios. The consolidated report is available for the Standard, Performance, Annual, and Gain/Loss views with totals for each portfolio and the combined total for all your portfolios. To view the consolidated report, while on any report page select All Portfolios from the pull-down list beside Select another portfolio and click Go. The various reports are described in detail in the following sections. Standard Report The Standard Report shows the value of your investments since inception (i.e., since you started keeping track of your transactions in globefund.com). If you entered transaction history that goes back several years, by default it shows the value and gain/loss in the value of those investments since the date of the first transaction entered to the present time. Alternatively, by selecting a Period Ending other than the most recent date, you can look at the value of your portfolio and gain/loss since the date of the first transaction to the selected month-end date. Below is a description of each of the columns of information displayed in the Standard view of the Portfolio Report. Fund Name Name of the mutual fund. # Units Total number of units held in each fund at the report date. Curr Price $ (Current Price) If the fund company provides a daily closing price for this fund, the price shown in this column would be today's closing price (if this is a weekday evening after 8:00PM EST). Otherwise, it would be the closing price for the previous business day. Many funds only provide a weekly or monthly price, so the Curr Price would represent the most recently published price. If the price shown is not today's price or the price at the close of the previous business day, a date will appear in parentheses after the fund name. Mkt Val $ (Market Value) # Units x Curr Price Number of units multiplied by current fund price. Total Cost $ The total cost of the units held (i.e., the out-of-pocket investment made by you for the units held). For the purpose of this item, reinvested distributions are not considered to be out-of-pocket investments. Overall $ Gain/Loss Mkt Value minus the Total Cost from the first transaction date to the report date. Overall % Gain/Loss Percent change between Total Cost (A) and Mkt Value (B) from the first transaction date to the report date (i.e., 100 x (B-A)/A). This percent change does not have any particular timeframe associated with it (it could be 2.5 years or one month, depending on the date of the first transaction entered). % of Port Shows the Mkt Value of each fund as a percentage of the total portfolio. This is a useful way to monitor the percentage of your foreign holdings and your asset allocation (e.g., equity versus fixed income). Trans/Chart Click the green symbol shown in this column to display a report showing all transactions for a particular fund. Click the chart symbol in a row for an individual fund to generate a chart for that fund. Click the chart symbol in the blue Total row to generate a chart for your entire portfolio. Performance Report The Performance Report of GLOBE Portfolio provides information on how your portfolio has performed on a one-day, month-to-date (MTD) and year-to-date (YTD) basis. For each of these three time periods, it shows the actual dollar return and the return on investment on a fund-by-fund basis and for the portfolio as a whole. For example, the two columns under MTD show how many dollars you have actually gained or lost since the first of the month for each fund, and the return on investment for each. GLOBE Portfolio relies on the industry accepted method of computing investment return which is based on the internal rate of return (IRR) algorithm. The rate of return calculated by IRR is the interest rate corresponding to a zero net present value of a series of cash flows. As stipulated by the Association of Investment Management Research (AIMR), mutual funds in Canada use the IRR method for presenting their rates of return. According to AIMR, "the recommended measurement of performance for presentation of the performance of a single private equity investment is the investment’s internal rate of return". The dollar gain/loss computation takes into account any transactions that may have occurred over the three time periods. Computing the % return on an investment using the internal rate of return method is somewhat more complicated. It depends on what the value of an investment was at the beginning and end of a time period, and also on any cash flows that may have occurred over that time period, and exactly when they occurred. For example, suppose you owned 100 units of a fund worth $10.00 each on the first day of a month, and still held those 100 units on the 21st of a month when the unit value is $10.50. You can deduce that your month-to-date return on investment on the 21st is 5%. In this case, your return is exactly the same as the return of the fund itself. However, if during that period you bought 100 more units on the 10th at 10.40 and sold them on the 15th at 10.20, you clearly lost money on that transaction. The computation of return using the internal rate of return method takes this loss into account, and your return would be different from (and less than) the return on the fund overall. Because returns calculated using the internal rate of return method take into account buys and sells occurring during the period of the calculation, returns on the Performance report will differ from the simple returns shown on globefund.com's Fund Reports or on the GLOBE Portfolio Standard report. Technically-minded users can gain more insight into the workings of IRR by looking at the help information available on IRR in Microsoft's Excel spreadsheet product. The advantage of the percent returns computed by GLOBE Portfolio is that it allows you to compare how your own particular investments are performing compared to industry benchmarks such as the TSE 300, on both a fund by fund basis, and on an overall portfolio basis. Below is a description of each of the columns of information displayed in the Performance view of the Portfolio Report. Fund name Name of the mutual fund. # Units Total number of units held in the fund at the report date. Mkt Val $ # Units x NAVPS Number of fund units multiplied by current unit price (NAVPS). One Day / $ Gain/Loss Mkt Val (as of the date shown on the report) minus Mkt Val for the previous business day. One Day / % Return Percent return of fund holding (as of the date shown on the report) since the previous business day. MTD / $ Gain/Loss The gain or loss on your investment since the close of the last business day of the previous month. MTD / % Return Percent return of the fund holding since the close of the previous month. If you have bought or sold units of this fund during this period of time, the calculation of gain/loss takes these transactions into account using the internal rate of return (IRR) algorithm. YTD / $ Gain/Loss The gain or loss on your investment since the close of the last business day of the previous year. YTD / % Return Percent return of fund holding since the beginning of the year. If you have bought or sold units of this fund during this period of time, the calculation of gain/loss takes these transactions into account using the internal rate of return (IRR) algorithm. Trans/Chart Click the green symbol shown in this column to display a report showing all transactions for a particular fund. Click the chart symbol in a row for an individual fund to generate a chart for that fund. Click the chart symbol in the blue Total row to generate a chart for your entire portfolio. Annual Report The Annual report shows returns for the past two years, the current year-to-date and since inception. GLOBE Portfolio relies on the industry accepted method of computing investment return which is based on the internal rate of return (IRR) algorithm. As stipulated by the Association of Investment Management Research (AIMR), mutual funds in Canada use the IRR method for presenting their rates of return. According to AIMR, "the recommended measurement of performance for presentation of the performance of a single private equity investment is the investment’s internal rate of return". The rate of return calculated by IRR is the interest rate corresponding to a zero net present value of a series of cash flows. Technically-minded users can gain more insight into the workings of IRR by looking at the help information available on IRR in Microsoft's Excel spreadsheet product. A description of each column in the Annual report follows. Fund Name Name of the mutual fund. [Year] Gain/Loss $ The gain or loss on your investment from the close of the last business day of the year to the close of the last business day of the previous year. [Year] Gain/Loss % Percent return of holding from the close of the last business day of the year to the close of the last business day of the previous year. If you have bought or sold units of this fund during this period of time, the calculation of gain/loss takes these transactions into account using the internal rate of return (IRR) algorithm. YTD / Gain/Loss $ The gain or loss on your investment since the close of the last business day of the previous year. YTD / Gain/Loss % Percent return of fund holding since the beginning of the year. If you have bought or sold units of this fund during this period of time, the calculation of gain/loss takes these transactions into account using the internal rate of return (IRR) algorithm. Since Inception Gain/Loss $ The gain or loss on your investment since the first transaction date for the fund. are "simple" returns for periods up to 1 year. This applies for all returns except the since inception return which could be more than 1 year. If the inception date is more than 1 year, then the return shown is the annualized return. Since Inception Gain/Loss % Percent return of fund holding since first transaction date for the fund. If you have bought or sold units of this fund during this period of time, the calculation of gain/loss takes these transactions into account using the internal rate of return (IRR) algorithm. The returns that are calculated via IRR are simple (non-compounded) returns for periods up to one year. If the time since the inception date is more than one year, then the return shown is the annualized return. Trans/Chart Click the green symbol shown in this column to display a report showing all transactions for a particular fund. Click the chart symbol in a row for an individual fund to generate a chart for that fund. Click the chart symbol in the blue Total/Avg row to generate a chart for your entire portfolio. Gain / Loss Report The Gain/Loss report breaks down your investments into two classes: those that you still hold and those that you used to hold but have since sold. Note that in some cases, the same fund may have information in both classes (i.e., you for a particular fund, you sold some but not all holdings). For this report, the period covered is by default from the date of the first transaction (inception) to the current date. However, you can change the start date to be the first day of the year or the first day of the month. This gives you a quick way of tracking your dollar gains and losses over different time periods than simply since inception. A description of each column in the Gain/Loss Report follows. Fund Name Name of the mutual fund. Units Held/ # Units Total number of units currently held in each fund. Units Held/Mkt Value $ Current value of the units held. Units Held/Gain/Loss $ The dollar gain/loss for the units still held (i.e., market value minus total cost). Units Sold/ # Units Total number of units that were once held but have since been sold. Units Sold/Total Sales $ Total value of the proceeds from all sales of the units previously held. Units Sold/Realized Gain/Loss $ Total sales minus your out-of-pocket cost of the units sold. Trans/Chart Click the green symbol shown in this column to display a report showing all transactions for a particular fund. Click the chart symbol in a row for an individual fund to generate a chart for that fund. Click the chart symbol in the blue Total/Avg row to generate a chart for your entire portfolio. Consolidated Reports and Charts If you have set up more than one portfolio, you can view a consolidated report that summarizes the holdings in all your portfolios. The consolidated report shows the Standard, Performance, Annual, and Gain/Loss reports with totals for each portfolio and the combined total for all your portfolios. To view the consolidated report, while on any report page select All Portfolios from the pull-down list beside Select another portfolio and click Go. Consolidated Chart: This chart displays two types of information. The total market value of all your portfolio holdings is plotted in black. The total amount of money invested in all your portfolios is plotted in blue and is labeled Amount Invested. Your buy and sell transactions trigger movement in both the market value line and the Amount Invested line.   Transaction Report The Transaction Report is a log of all transactions you have added to GLOBE Portfolio as well as all the transactions that globefund.com has generated (e.g., distribution transactions, recurring transactions). For each transaction, globefund.com displays the following information: Fund name Name of the mutual fund. Date Date of the transaction. Price Unit price of the fund on the date of the transaction. Action The action associated with a transaction could be any of the following. The first four actions (Buy and Sell) are associated with transactions you have entered manually, while the last five actions relate to transactions that globefund.com has generated in response to fund distributions or recurring transactions. BUY - a buy transaction that you entered SELL - a sell transaction that you entered FEE_ACCOUNT - a special transaction that you entered to pay for a fee, using fund units FEE_CASH - a special transaction that you entered to pay for a fee, using outside cash DIST_CASH - a distribution transaction that resulted in a cash payment to you (you indicated when adding the fund to your portfolio that distributions by this fund are not to be re-invested but should be paid to you in cash) Distribution transactions (identified as DIST_BUY or DIST_CASH in the Action column of the Transaction report) cannot be deleted using Delete Transaction on the GLOBE Portfolio main page. To stop further distributions, click Change Fund Information on the GLOBE Portfolio main page, under Reinvest Distribution select No from the drop-down list and click Update at the bottom of the page. DIST_BUY - a distribution transaction that resulted in a purchase of additional units of the fund (you indicated when adding the fund to your portfolio that distributions by this fund are to be re-invested by purchasing additional units) Distribution transactions (identified as DIST_BUY or DIST_CASH in the Action column of the Transaction report) cannot be deleted using Delete Transaction on the GLOBE Portfolio main page. To stop further distributions, click Change Fund Information on the GLOBE Portfolio main page, under Reinvest Distribution select No from the drop-down list and click Update at the bottom of the page. RECUR_BUY - a buy transaction generated by globefund.com in response to a recurring transaction you entered RECUR_SELL - a sell transaction generated by globefund.com in response to a recurring transaction you entered SPLIT - an adjustment by the mutual fund company of the number of units held in a fund, this may occur when one mutual fund merges with another Units Number of fund units involved in the transaction. Amount Total dollar amount involved in the transaction. Fee Dollar amount of any fees associated with the transaction. Total Units After completion of the transaction, the total number of units for that fund in the portfolio. Avg Cost Average cost is the average cost/unit of the units that you own. It is the total cost for these units divided by the total number of units you own. Average cost is not affected by the sale of a portion of the funds you own, but it is affected by the purchase additional funds, including those that may have been purchased as the result of fund distributions. The value shown as Average Cost is the Adjusted Cost Base (ACB) per unit, which is used mainly for taxation purposes. However, Globe Portfolio is not an accounting system and you should rely on statements from the fund companies for completing any tax returns or making any decisions on tax owing.   Fund Report The Fund Report displays current price and performance information for the mutual funds in your portfolio, as well as links to performance charts, fund profiles and online investing information. There are actually six different Fund Reports - Standard, Short-term, Long-term, Simple Annual Returns, Decile Rankings, and Key Facts - with Standard being the report that is displayed by default. Simply click on the tabs shown at the top of the report to display the other reports. Fund Report Tips: For a detailed explanation of any report, click the Help and Information button below the report. You can sort the data in a column by clicking on the column heading. Click once to sort in ascending order; click again to sort in descending order. Click the fund name for a profile of the fund. The Charts/Info column: Click the chart symbol for an individual fund to generate a chart for that fund or to chart the fund against other funds in your portfolio or against an index. Click the green symbol to link to detailed fund information provided by the fund company. The red symbol indicates that this fund can be bought and sold online through one of our online investing partners. Click to display a list of online investing partners that buy and sell the fund.   Charts GLOBE Portfolio allows you to conveniently generate charts that visually show the market value of your portfolio from the date of your first transaction to the present. You can generate charts in the following ways: From the GLOBE Portfolio main page: Click the Charts link. The Total Portfolio chart is displayed. From the Trans/Chart column of a portfolio report: Click the chart symbol in a row for an individual fund to produce a Fund chart. Click the chart symbol in the blue row labeled Total (or Total/Avg) to produce a Total Portfolio chart. From the Trans/Chart column of a consolidated report: To generate a consolidated report, while on any report page, select All Portfolios from the pull-down list beside Select another portfolio and click Go. Click the chart symbol in a row for an individual fund to produce a Total Portfolio chart. Click the chart symbol in the blue row labeled Total (or Total/Avg) to produce a Consolidated Portfolio chart totalling the holdings in all your portfolios. Total Portfolio chart: This chart displays two types of information. The market value of your entire portfolio is plotted in blue. The amount of money invested in your entire portfolio is plotted in black and is labeled Amount Invested. Your buy and sell transactions trigger movement in both the market value line and the Amount Invested line. Fund chart: This chart displays two types of information. The market value of your investment in the fund is plotted in blue. The amount of money invested in the fund is plotted in black and is labeled Amount Invested. Your buy and sell transactions trigger movement in both the market value line and the Amount Invested line. Consolidated Portfolio chart: This chart displays two types of information. The total market value of all your portfolio holdings is plotted in blue. The total amount of money invested in all your portfolios is plotted in black and is labeled Amount Invested. Your buy and sell transactions trigger movement in both the market value line and the Amount Invested line.

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